U.S. December Auto Sales Surprisingly Strong, 2016 Sets New High

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U.S. consumer confidence reached levels not seen in 15 years in December. Auto sales are an early indicator of consumer spending, and account for about a fifth of U.S. retail spending. Though a small percentage, the determine of people switching to journey services might be early evidence that more consumers imagine that journey sharing can substitute automobile ownership. Germany has already been sued by the EU for exceeding those thresholds for more than a maximum of 35 days per 12 months. In addition to GATX, Wells Fargo & Co, Bank of America Corp and Greenbrier Companies Inc are among the U.S. fleet homeowners.

SmartKey is an ideal system for those who don’t need to undergo the effort of turning a key every single time they wish to open their automobile’s doorways. This is also the reason that this system has gained immense popularity. The identify SmartKey” has turn out to be a family identify. The manager on the world’s seventh largest carmaker said the partnership will attraction to consumers in search of offers from the comfort of their own residence, adding that present promotions can be improved by as much as 33 p.c for online clients.

A BMW spokeswoman said the deliberate plant in the central Mexican city of San Luis Potosi would construct the BMW three Series from 2019, with the output intended for the world market. The plant could be an addition to existing 3 Series manufacturing facilities in Germany and China. Fiat Chrysler Automobiles NV FCAU.N>() was a laggard in December, as its gross sales slid 10 {67b5fe1c79e55d0aede9cb5e3e7269ae035e1f919da38b1c73a8daee2aa8f797}. FCA’s Jeep brand reported gross sales down 6 percent.

Discounts erode automakers’ profits but GM said the average transaction price for its vehicles rose $740 from November to $36,386 in December, reflecting in part strong sales of large SUVs such as the Chevrolet Tahoe. That is important to investors because Detroit’s automakers make the bulk of their global profits from sales of trucks and SUVs in North America.